NewKerala.com

Budget 2026-27 Eyes 25-Year Vision, Tax-Free Cancer Drugs & Startup Boom

Union Minister Jitendra Singh emphasized that the upcoming Budget 2026-27 is designed with a 25-year economic vision, not just for the immediate fiscal year. He highlighted key benefits like making cancer medicines tax-free and the massive growth of startups, which have generated millions of jobs. Singh also pointed to infrastructure projects like Andhra Pradesh's Polavaram project as part of this long-term planning. The discussions with influencers aim to clearly communicate these future-oriented plans and counter opposition criticism.

Key Points: Budget 2026-27: 25-Year Plan, Tax-Free Meds & Startup Jobs

  • 25-year economic vision
  • Tax-free cancer medicines
  • Startup boom creating jobs
  • Countering opposition misinformation
  • Focus on Blue Economy in South
2 min read

Budget 2026-27 plans for next 25 years: Union Minister Jitendra Singh

Union Minister Jitendra Singh explains the Budget 2026-27's 25-year vision, highlighting tax-free cancer medicines, a startup boom, and the Polavaram project.

"This Budget might be for 2026-27, but this has plans for the next 25 years as far as the economy is concerned. - Jitendra Singh"

Vijayawada, February 7

Union Minister of the Ministry of Science and Technology Jitendra Singh on Saturday emphasised that discussions about the Union Budget 2026-27 with social media influencers for explaining that the budget is designed for the far future of 25 years, not just the next year, highlighting the tax-free cancer medicines and rise of startups.

Speaking to the media, Singh said, "Across the country, press conferences are being done about the 2026-27 Budget for the country that has been brought under the leadership of PM Narendra Modi. Discussions are underway with social media influencers, and opinions are being collected. It is being explained to them that this Budget might be for 2026-27, but this has plans for the next 25 years as far as the economy is concerned."

He noted another motive for the discussions: "to see that the people are not misled with the misinformation being spread by our Opposition."

Referring to claims of the opposition, he further said, "They say that the Budget has nothing for the middle class, but when Modi ji made 17 cancer medicines tax-free, is that not for the common man? When bio-manufacturing increases and India leads the bio-technology revolution, common people will also benefit."

He further mentioned the 'Polavaram Project' in Andhra Pradesh as another benefit for people, as "water will be filled till the minimum drawn water level so that every person gets the benefit for irrigation," adding that Andhra Pradesh and a few southern states are going to become the centre of the Blue Economy.

Highlighting that the number of jobs is being made outside the government sector, he mentioned the rise of Indian startups, saying, "The concept of startup was unheard of in India. In 2014, we had just about 350-370 startups. Today, we have more than 2 lakh startups which have generated 21 lakh jobs. In Andhra Pradesh, we are going to have quantum software startups which will be world-class."

- ANI

Share this article:

Reader Comments

P
Priya S
Tax-free cancer medicines is a huge relief for middle-class families. My aunt is undergoing treatment and the cost is crippling. This is a genuinely good step. But I hope the vision includes more such healthcare benefits for other diseases too.
R
Rohit P
Talking to social media influencers? Seriously? What about consulting actual economists and ground-level experts? The startup numbers are impressive, but we need to ensure these jobs are stable and well-paying, not just gig economy numbers.
S
Shreya B
As someone from Andhra, the focus on Polavaram and the Blue Economy is promising. Water for irrigation is a lifeline for our farmers. If executed properly, this can transform the region. Fingers crossed! 🤞
M
Michael C
Interesting perspective. The long-term planning approach is commendable. The bio-tech revolution mention is key - if India can become a leader there, it will have global ripple effects. The job creation outside government is also a positive sign for the economy's maturity.
K
Karthik V
Vision is good, but execution is everything. We've heard big plans before. The proof will be in the pudding - will the common auto-rickshaw driver or small shopkeeper feel this 25-year benefit in their daily life? That's the real test.
N
Nisha Z

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50